Search found 5466 matches

by Fallible
Sun Sep 25, 2016 11:31 am
Forum: Investing - Theory, News & General
Topic: Investing to Avoid the Consequences of Being Wrong
Replies: 25
Views: 2504

Re: Investing to Avoid the Consequences of Being Wrong

This last graf is, simply put, what it's all about - knowing ourselves, our emotions, which can help us determine our emotional tolerance for risk, better understand the decisions we make, and hopefully lead to wise investing. Behavioral Econ and neoroeconomics both provide answers - and raise more...
by Fallible
Sat Sep 24, 2016 11:12 pm
Forum: Personal Finance (Not Investing)
Topic: Does anybody here have a good credit score with no credit cards?
Replies: 9
Views: 751

Re: Does anybody here have a good credit score with no credit cards?

I've never had a major credit card and have always had a high credit score. It helps enormously to pay bills on time, which I've always done.
by Fallible
Sat Sep 24, 2016 8:52 pm
Forum: Investing - Theory, News & General
Topic: Investing to Avoid the Consequences of Being Wrong
Replies: 25
Views: 2504

Re: Investing to Avoid the Consequences of Being Wrong

This last graf is, simply put, what it's all about - knowing ourselves, our emotions, which can help us determine our emotional tolerance for risk, better understand the decisions we make, and hopefully lead to wise investing. Behavioral Econ and neoroeconomics both provide answers - and raise more...
by Fallible
Sat Sep 24, 2016 7:57 pm
Forum: Investing - Theory, News & General
Topic: Investing to Avoid the Consequences of Being Wrong
Replies: 25
Views: 2504

Re: Investing to Avoid the Consequences of Being Wrong

Neuroeconomics is essentially Behavioral Economics where experiments are conducted with fMRI and other neuroscience equipment. As subjects are responding to experimental and control questions, the researchers are watching which brain regions become active, Visually, these experiments are very impre...
by Fallible
Sat Sep 24, 2016 12:41 pm
Forum: Investing - Theory, News & General
Topic: Investing to Avoid the Consequences of Being Wrong
Replies: 25
Views: 2504

Re: Investing to Avoid the Consequences of Being Wrong

Curiously, in the beginning Bill says: WB: Yes. I am trained in neurosciences and I think that the neuroeconomic angle of investing has been grossly overplayed. But then much of his guidance addresses cognitive weaknesses and biases that lead an investor astray. Victoria Right, so as I posted earli...
by Fallible
Fri Sep 23, 2016 6:50 pm
Forum: Investing - Help with Personal Investments
Topic: How do I put on these trades?
Replies: 15
Views: 927

Re: How do I put on these trades?

Hi 123 I prefer not to buy options because 1) options cost money, and they are not underlyings. I prefer to have stocks at the end of the day. With options, at the end of the day, it might expire worthless, and you have nothing. 2) What I'd like to do is do a sequential trade, quickly in one day, i...
by Fallible
Fri Sep 23, 2016 6:29 pm
Forum: Investing - Theory, News & General
Topic: Investing to Avoid the Consequences of Being Wrong
Replies: 25
Views: 2504

Re: Investing to Avoid the Consequences of Being Wrong

A very good interview and thanks for posting. Much, of course, is not new for Bogleheads who have read his books, in particular his emphasis on knowing investing history. But I was surprised when he said that "the neuroeconomic angle of investing has been grossly overplayed. It is all common se...
by Fallible
Fri Sep 23, 2016 11:43 am
Forum: Personal Finance (Not Investing)
Topic: "Women and Investing" class offered by Employer
Replies: 82
Views: 5217

Re: "Women and Investing" class offered by Employer

I am a little partial to retirement info sessions given by employers because that's how I ended up here. At 31, I already attend our retirement info sessions because if you attend at 60, only so much of the advice is actionable. For one series they brought in a few people who were obviously selling...
by Fallible
Thu Sep 22, 2016 6:19 pm
Forum: Investing - Help with Personal Investments
Topic: Email from Financial Advisor
Replies: 22
Views: 3275

Re: Email from Financial Advisor

I am just starting a new 401K with my new job. They have poor options offering only the fund families of: Columbia, American, Hartford and IVA. I said I wanted 1 S&P fund with lower ER, like Vanguard 500 (VFINX) advisor responded with the following: "I wanted to follow up with you regardin...
by Fallible
Thu Sep 22, 2016 3:48 pm
Forum: Personal Finance (Not Investing)
Topic: "Women and Investing" class offered by Employer
Replies: 82
Views: 5217

Re: "Women and Investing" class offered by Employer

Women participate in 401(k)s at lower rates than men do, and when they do participate, they tend to contribute less. From my experience with ERISA audits, I also noted that women are more likely to choose a default "conservative" or "very conservative" risk and end up with a rid...
by Fallible
Thu Sep 22, 2016 10:11 am
Forum: Investing - Theory, News & General
Topic: I guess we better peek when it comes to Vanguard
Replies: 37
Views: 4970

Re: I guess we better peek when it comes to Vanguard

To me, "Don't peek" refers to checking investments often to see how they're doing short term, whether up, down, sideways, flat, etc.; it does not include checking for possible errors in transactions, etc. Can anyone really believe that Jack Bogle, or anyone for that matter, would say to n...
by Fallible
Thu Sep 22, 2016 8:55 am
Forum: Investing - Theory, News & General
Topic: I guess we better peek when it comes to Vanguard
Replies: 37
Views: 4970

Re: I guess we better peek when it comes to Vanguard

To me, "Don't peek" refers to checking investments often to see how they're doing short term, whether up, down, sideways, flat, etc.; it does not include checking for possible errors in transactions, etc. Can anyone really believe that Jack Bogle, or anyone for that matter, would say to ne...
by Fallible
Wed Sep 21, 2016 9:07 pm
Forum: Personal Consumer Issues
Topic: What Book Are You Currently Reading? Part VI
Replies: 1857
Views: 449862

Re: What Book Are You Currently Reading? Part VI

Just now happened on a book review in The New Yorker (9/5/16 issue) that begins with Ben Graham's winning a battle (1920s) to get Northern Pipeline to distribute a huge pile of cash to its shareholders. The book is Dear Chairman: Boardroom Battles and the Rise of Shareholder Activism by Jeff Gramm, ...
by Fallible
Wed Sep 21, 2016 5:21 pm
Forum: Personal Consumer Issues
Topic: The Bogleheads' "100 Things Worth Every Penny" List
Replies: 196
Views: 16772

Re: The Bogleheads' "100 Things Worth Every Penny" List

I am struck by how modest and humane most responses are. The things named for the most part fall within middle-class desires. No pigs at the trough hereabouts. Relationships with people and pets are valued most highly, as are experiences like travel or attending events with loved ones. I got a boos...
by Fallible
Wed Sep 21, 2016 4:50 pm
Forum: Investing - Theory, News & General
Topic: Disappointing News Wells Fargo
Replies: 111
Views: 8737

Re: Disappointing News Wells Fargo

It never ceases to amaze me how people can take in the same information and come to totally different conclusions. :beer It does not surprise me. People respond very differently to white-collar crime than they do to other sorts of crimes. If a poor schmuck off the street runs a scam and gets caught...
by Fallible
Wed Sep 21, 2016 1:48 pm
Forum: Personal Finance (Not Investing)
Topic: "Women and Investing" class offered by Employer
Replies: 82
Views: 5217

Re: "Women and Investing" class offered by Employer

OP here. ... I expect the seminar will be put on by the same guy from MetLife who visited several months back when it was advertised as a general info session on retirement investing. ... There was no sales push during the time I attended, but after the class was over, I received at least one phone...
by Fallible
Wed Sep 21, 2016 11:34 am
Forum: Investing - Theory, News & General
Topic: Disappointing News Wells Fargo
Replies: 111
Views: 8737

Re: Disappointing News Wells Fargo

Wells Fargo is receiving a $180 million fine. And it is, apparently, firing 5,300 employees who were involved. But then there is this ... But Carrie Tolstedt, the head of Wells Fargo’s Community Banking division where those 5,300 people toiled, will be retiring with a $125 million compensation pack...
by Fallible
Wed Sep 21, 2016 11:12 am
Forum: Personal Finance (Not Investing)
Topic: "Women and Investing" class offered by Employer
Replies: 82
Views: 5217

Re: "Women and Investing" class offered by Employer

One week ago, I received an email from my employer promoting a lunch-hour investing seminar put on by a local financial consultant (associated with one of the big American investing companies), stating the following: This session will focus particularly on women and investing, and the unique financ...
by Fallible
Tue Sep 20, 2016 11:57 pm
Forum: Personal Finance (Not Investing)
Topic: "Women and Investing" class offered by Employer
Replies: 82
Views: 5217

Re: "Women and Investing" class offered by Employer

I disagree with the automatic assumption of sexism about such seminars. Yes, most women do indeed have challenges that most men do not face for issues mentioned by some posters above. One can judge by the number of threads asking about the strategies to protect one's wife's who had shown great inte...
by Fallible
Tue Sep 20, 2016 9:56 pm
Forum: Investing - Theory, News & General
Topic: Book Review, How to Think About Money by Jonathan Clements
Replies: 8
Views: 1055

Re: "Jonathan Clements offers a prescription for a 'happy, successful financial life"

Thanks, Taylor. I'm reading his new book now and it's a good as I expected.
by Fallible
Tue Sep 20, 2016 9:50 pm
Forum: Personal Finance (Not Investing)
Topic: "Women and Investing" class offered by Employer
Replies: 82
Views: 5217

Re: "Women and Investing" class offered by Employer

One week ago, I received an email from my employer promoting a lunch-hour investing seminar put on by a local financial consultant (associated with one of the big American investing companies) ... I'd probably go out of curiosity and to represent the Boglehead philosophy, which I doubt will be the ...
by Fallible
Tue Sep 20, 2016 12:03 pm
Forum: Investing - Theory, News & General
Topic: Disappointing News Wells Fargo
Replies: 111
Views: 8737

Re: Disappointing News Wells Fargo

The Senate Banking hearing, currently on Bloomberg, is simply devastating. Lev http://www.businessinsider.com/wells-fargo-ceo-john-stumpf-senate-baking-committee-hearing-scandal-2016-9 "I'm not a criminal officer, I'm not a lawyer, I don't know the legal term," said Stumpf when pushed by ...
by Fallible
Tue Sep 20, 2016 10:13 am
Forum: Investing - Help with Personal Investments
Topic: Two questions ["Age in Bonds" vs. Risk Tolerance]
Replies: 24
Views: 1399

Re: Two questions

As suggested, I've been reading the wiki everyday and it has spurred a couple questions. Some info to help guide your replies: I'm a 45 year old fledgling investor (yes, I know I'm late to the game), time horizon is approximately 20 years, very secure profession and pension plan, will be using excl...
by Fallible
Mon Sep 19, 2016 10:20 pm
Forum: Personal Consumer Issues
Topic: The Bogleheads' "100 Things Worth Every Penny" List
Replies: 196
Views: 16772

Re: The Bogleheads' "100 Things Worth Every Penny" List

Whatever challenges my thinking and improves it - like a good book or any good writing, or a new experience, especially if unexpected.
by Fallible
Sun Sep 18, 2016 9:44 pm
Forum: Investing - Theory, News & General
Topic: Goldman Sachs Wants To Lower Smart Beta Fee's
Replies: 9
Views: 796

Re: Goldman Sachs Wants To Lower Smart Beta Fee's

Yes. I just found the goldman statement humorous. I would tend to go with the article's author that Goldman's lower fee is a response to competition. How meaningful a response, time will tell. I got a chuckle out of it, too, because it was so predictable and because there will always be something h...
by Fallible
Sun Sep 18, 2016 12:05 pm
Forum: Investing - Theory, News & General
Topic: Goldman Sachs Wants To Lower Smart Beta Fee's
Replies: 9
Views: 796

Re: Goldman Sachs Wants To Lower Smart Beta Fee's

I would tend to go with the article's author that Goldman's lower fee is a response to competition. How meaningful a response, time will tell.
by Fallible
Fri Sep 16, 2016 5:16 pm
Forum: Investing - Theory, News & General
Topic: market timing
Replies: 41
Views: 2347

Re: market timing

... I consider "market timing" to be: Any decision made using any aspect of current market conditions or thoughts about current or future market conditions. I.e., If all of my decisions are made in a vacuum completely ignoring current market conditions* , then I do not consider myself to ...
by Fallible
Fri Sep 16, 2016 3:43 pm
Forum: Investing - Theory, News & General
Topic: market timing
Replies: 41
Views: 2347

Re: market timing

... I consider "market timing" to be: Any decision made using any aspect of current market conditions or thoughts about current or future market conditions. I.e., If all of my decisions are made in a vacuum completely ignoring current market conditions* , then I do not consider myself to ...
by Fallible
Fri Sep 16, 2016 11:09 am
Forum: Investing - Theory, News & General
Topic: market timing
Replies: 41
Views: 2347

Re: market timing

I appreciate the comments, and I did read the article about the person buying only at peaks. The problem is that I don't have 40 years to wait for my money to compound and recover from peaks. I came to this party late and have only 12 years to save till I'll need the money in retirement. I 'm willi...
by Fallible
Thu Sep 15, 2016 3:15 pm
Forum: Investing - Theory, News & General
Topic: market timing
Replies: 41
Views: 2347

Re: market timing

Does market timing refer only to the buying and selling of stocks and bonds that you already own, or does it also refer to making a new purchase? For example, I have funds on hand to buy, but at this point, given the bull market is the second longest in history, it seems logical to wait a bit to bu...
by Fallible
Wed Sep 14, 2016 11:01 pm
Forum: Investing - Help with Personal Investments
Topic: I am going to stop tilting. Sanity check.
Replies: 66
Views: 5963

Re: I am going to stop tilting. Sanity check.

Also, I really dislike the term "expected" returns. Maybe a more realistic phrase would be "hoped for." One difference between an expectation and a hope is that the expectation is based on reason while the hope is based on emotion or feelings. If someone merely "hopes"...
by Fallible
Tue Sep 13, 2016 1:40 pm
Forum: Personal Consumer Issues
Topic: The Big Short
Replies: 196
Views: 23713

Re: The Big Short

There's more good detail on Eisman in the book. He is unusual and not easy to understand. Thanks, Fallie. Good to know....it's not just me. Many of the characters were presented as complex personalities, rather than just clearly evil, which would be an easy public perception. I liked that. I imagin...
by Fallible
Tue Sep 13, 2016 1:15 pm
Forum: Personal Finance (Not Investing)
Topic: is it possible to be a gambler and boglehead
Replies: 47
Views: 2082

Re: is it possible to be a gambler and boglehead

...I am a little concerned the boglelife isn't for me. I don't count pennies, and I don't have a high salary. I save what I can, but I also splurge on expensive dinners, recreational gambling , sporting events, etc. Are there any successful bogleheads out there that have been able to save without t...
by Fallible
Mon Sep 12, 2016 9:05 pm
Forum: Personal Consumer Issues
Topic: The Big Short
Replies: 196
Views: 23713

Re: The Big Short

I thoroughly enjoyed the movie, as did my gf, which surprised me since she is not particularly interested in finance. The one shocking feature to me was the mention at the end of the 2015 appearance of the "Bespoke Tranche Opportunity", described as a repackaging of the old familiar CDO w...
by Fallible
Mon Sep 12, 2016 6:57 pm
Forum: Investing - Theory, News & General
Topic: The Intolerance of Uncertainty
Replies: 12
Views: 1770

Re: The Intolerance of Uncertainty

I don't see "intolerance of uncertainty" as an interchangeable term with risk tolerance or risk aversion in investing. And I agree with others here that uncertainty is not new and underlies investing - and life - and that IU specifically can include psychological implications, including cl...
by Fallible
Sat Sep 10, 2016 10:29 pm
Forum: Investing - Theory, News & General
Topic: ["Wells Fargo Fined for Years of Harm to Customers"]
Replies: 129
Views: 7880

Re: ["Wells Fargo Fined for Years of Harm to Customers"]

Just saw the following on a course I'm taking through Coursera called "Meeting Investors Goals". Funny in the one lecture called "Honesty and trust in investment decision making" the lecturer discusses the roles of ethics, etc. The following is one slide that's releveant to this...
by Fallible
Sat Sep 10, 2016 7:06 pm
Forum: Investing - Theory, News & General
Topic: ["Wells Fargo Fined for Years of Harm to Customers"]
Replies: 129
Views: 7880

Re: ["Wells Fargo Fined for Years of Harm to Customers"]

Just saw the following on a course I'm taking through Coursera called "Meeting Investors Goals". Funny in the one lecture called "Honesty and trust in investment decision making" the lecturer discusses the roles of ethics, etc. The following is one slide that's releveant to this...
by Fallible
Sat Sep 10, 2016 4:49 pm
Forum: Investing - Theory, News & General
Topic: ["Wells Fargo Fined for Years of Harm to Customers"]
Replies: 129
Views: 7880

Re: Trust but Verify

We can now add "banker" to these words of financial author Bill Bernstein: Act as if every broker, insurance salesman, mutual fund salesperson and financial advisor you encounter is a hardened criminal, and stick to low-cost index funds, and you'll do just fine. Taylor, with all due respe...
by Fallible
Fri Sep 09, 2016 1:42 pm
Forum: Investing - Theory, News & General
Topic: ["Wells Fargo Fined for Years of Harm to Customers"]
Replies: 129
Views: 7880

Re: ["Wells Fargo Fined for Years of Harm to Customers"]

Whenever I read about the latest fraudulent activity in the financial industry, I'm angered and frustrated that so often those responsible, the higher-ups in particular, are not identified and punished. I'm also dismayed at how closely it follows the fraudulent activity that led to the '08-'09 globa...
by Fallible
Thu Sep 08, 2016 10:12 pm
Forum: Investing - Theory, News & General
Topic: ["Wells Fargo Fined for Years of Harm to Customers"]
Replies: 129
Views: 7880

Re: "Wells Fargo Fined for Years of Harm to Customers"

Bogleheads: When I was a young man, the local bank and its employees were considered the pillar of integrity. No more. This is a portion of today's revelation about America's fourth largest bank: Credit cards issued secretly without a customer’s consent. Bank employees creating fake email accounts ...
by Fallible
Thu Sep 08, 2016 10:01 pm
Forum: Investing - Theory, News & General
Topic: Wall Street's Latest Retail Fleecing Product Exposed – Structured CDs
Replies: 20
Views: 2076

Re: Wall Street's Latest Retail Fleecing Product Exposed – Structured CDs

Excellent article. This sounds like the type of "product" where banks and brokers will try to take advantage of the elderly who want something safe like a CD in this yield-starved environment but may not have all of their cognitive faculties or may not be very knowledgeable about investin...
by Fallible
Thu Sep 08, 2016 9:42 pm
Forum: Personal Consumer Issues
Topic: What makes people succeed?
Replies: 98
Views: 8322

Re: What makes people succeed?

Happened to be reading from John Bogle's book, Enough: True Measures of Money, Business, and Life , and saw this reference to success, which I like: In life, we too often allow the illusory to triumph over the real. We focus too much on things and not enough on the intangibles that make things worth...
by Fallible
Thu Sep 08, 2016 10:50 am
Forum: Investing - Help with Personal Investments
Topic: Critique my AA [Asset Allocation]
Replies: 9
Views: 786

Re: Critique my AA

The S fund doesn't track the total market: "The TSP S Fund seeks to match the performance of the Dow Jones U.S. Completion Total Stock Market Index, a broad market index made up of stocks of U.S. companies not included in the S&P 500 Index." Have you been invested in a down market, li...
by Fallible
Wed Sep 07, 2016 9:18 pm
Forum: Investing - Help with Personal Investments
Topic: Critique my AA [Asset Allocation]
Replies: 9
Views: 786

Re: Critique my AA

The S fund doesn't track the total market: "The TSP S Fund seeks to match the performance of the Dow Jones U.S. Completion Total Stock Market Index, a broad market index made up of stocks of U.S. companies not included in the S&P 500 Index." Have you been invested in a down market, li...
by Fallible
Wed Sep 07, 2016 4:58 pm
Forum: Personal Finance (Not Investing)
Topic: Why aren't more people smarter with their money?
Replies: 20
Views: 1973

Re: Why aren't more people smarter with their money?

To me certain things which are no brainers such as saving some for a rainy day, saving for retirement, living within your means are not so for many others. I have always wondered why ? ... The simple answer is that those "no-brainers" reflect our rational side, while accomplishing them re...
by Fallible
Tue Sep 06, 2016 3:27 pm
Forum: Investing - Help with Personal Investments
Topic: Please help with my dad's investment account
Replies: 13
Views: 744

Re: Please help with my dad's investment account

I agree with the poster delamer to focus now on expenses. If you and your dad would be willing to list the expenses here, we may be able to provide more detailed advice, but it is, of course, up to you. Meanwhile, hold off on an annuity. But if you are considering one, I would suggest posting detail...
by Fallible
Tue Sep 06, 2016 1:08 pm
Forum: Investing - Help with Personal Investments
Topic: Cannot sell my MLP fund. Am I anchoring? I think I am anchoring.
Replies: 47
Views: 2969

Re: Cannot sell my MLP fund. Am I anchoring? I think I am anchoring.

... Anyway, can someone push me over the edge here? Just give me a little nudge? Tell me that I am not the only one to face these mental demons and that there is a way out of this madness? Or at least give me a hug and tell me everything will be all right. I think you've gotten the pushes and nudge...
by Fallible
Mon Sep 05, 2016 8:15 pm
Forum: Personal Consumer Issues
Topic: The Big Short
Replies: 196
Views: 23713

Re: The Big Short

I certainly agree that the everyone was looking to the ratings agency to be a check on the system, and looking at their reputation as more important than the money that they would make. There is the same problem with auditing firms who also provide (expensive) advising. E.g. "We'll provide you...

Go to advanced search